Jacob Middleton buyout calculator, cap hit impact

Jacob Middleton Buyout Cap Implications

Birthdate January 2, 1996

If Jacob Middleton was bought out prior to the 2019-2020 season.

The annual cap hit of a buyout is calculated year by year as follows:

  • Add together the Original Cap Hit and the Contract Signing Bonus for that year
  • Subtract the Contract Total Salary for that year (base salary + signing bonus).
  • Finally, add the Annual Buyout Cost as calculated below.

He would be 23 years old at the buyout giving him a 33% buyout multiplier.
Under 26 = 1/3 multiplier
26+ = 2/3 multiplier

The total buyout cost would be $233,333
Remaining base salary
($700,000 * 33% buyout multiplier)
.

1 years left in contract.
Buyout applied over 2 years
(2x years remaining on contract)

Annual buyout cost of $116,667
(Total buyout cost/2 years)

Jacob Middleton projected buyout 2019-2020 season
2019-2020 2020-2021
Remaining Base Salary
$700,000
$700,000 $0
Original Cap Hit $735,000 $0
Contract Signing Bonus $70,000 $0
Contract Total Salary ($770,000) ($0)
Annual Buyout Cost $116,667 $116,667
ACTUAL CAP HIT San Jose Sharks logo $151,667 $116,667
Savings $583,333 $-116,667

Active Contract

Signing Team
Signing Date September 7, 2017
Agent Joseph Resnick
Entry Level Contract | 3 Years $2,205,000 0.90% of cap space
2017-2018 2018-2019 2019-2020
Cap Hit $735,000 $735,000 $735,000
RFA
AAV $735,000 $735,000 $735,000
Performance Bonuses $0 $0 $0
Base Salary $650,000 $650,000 $700,000
Signing Bonuses $65,000 $70,000 $70,000
Total Salary $715,000 $720,000 $770,000
Minors Salary $70,000 $70,000 $70,000
Clauses
UFA Year
Buy It Out